The three-story office building, 1544 Old Alabama Rd., was builtin 1999 and totals 70,000 sf. Built in 2005, the adjacent 900Holcomb Woods Pkwy. contains two floors with 20,000 rentable sf.They are 100% net leased to MR Default Processing, an offshoot oflaw firm McCalla, Raymer, Padrick, Cobb, Nichols & Clark LLC,which handles foreclosure processing on residential real estate.The firm has 15 years remaining on its lease.

[IMGCAP(2)]The seller was Rubicon Investments LLC, which wasadvised exclusively in the deal by Cushman & WakefieldSonnenblick Goldman. Cushman & Wakefield Sonnenblick Goldmanmanaging director Dave Karson tells GlobeSt.com that Rubicondecided to sell the property because it is a value-add investor andthe property no longer fit the company's profile.

The buyer was attracted to acquiring it because of the strengthof the tenant and lease in place. "The tenant has benefited fromthe recent downturn in the residential market," Karson says. "Itsbalance sheet is very strong."